Tuesday, July 12, 2011

Gold hits yet another new high

QUOTE: "Gold jumped to a record high Tuesday after the minutes from the Federal Reserve's June policy meeting indicated the central bank might be open to more monetary stimulus."

I'm not a big PM guy for short-term preparedness needs (as mentioned on a podcast episode a while back) but for long-term "wealth preservation" it makes some sense. I fully expect to see gold shoot through the roof at some point in the relatively near future, but I don't think we're quite there yet. Still, you can see it's heading up again.